Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2011
For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011
G
Check all that apply:
Name of foundation
DAVID D & MARY F GRUMHAUS FUND
 

Number and street (or P.O. box number if mail is not delivered to street address)222 E WISCONSIN STE 209   Room/suite
City or town, state, and ZIP code
LAKE FOREST, IL60045
A Employer identification number

36-3225807
B Telephone number (see page 10 of the instructions)

(847) 234-4475
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$1,460,448J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 154 154  
4 Dividends and interest from securities...... 33,547 33,547  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 35,346
b Gross sales price for all assets on line 6a 233,687
7 Capital gain net income (from Part IV, line 2)... 35,346
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 72    
12 Total. Add lines 1 through 11........ 69,119 69,047  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 1,750      
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 87      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 5,999      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 7,836 0   0
25 Contributions, gifts, grants paid........ 74,075 74,075
26 Total expenses and disbursements. Add lines 24 and 25 81,911 0   74,075
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -12,792
b Net investment income (if negative, enter -0-) 69,047
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2011)
Form 990-PF (2011)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 229,858 257,112 257,112
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 1,092,261 Click to see attachment1,051,059 1,203,336
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,322,119 1,308,171 1,460,448
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment9,784 Click to see attachment8,628
23 Total liabilities (add lines 17 through 22).......... 9,784 8,628
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 1,312,335 1,299,543
30 Total net assets or fund balances (see page 17 of the
instructions).................... 1,312,335 1,299,543
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 1,322,119 1,308,171
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 1,312,335
2 Enter amount from Part I, line 27a..................... 2 -12,792
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 1,299,543
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,299,543
Form 990-PF (2011)
Form 990-PF (2011)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 20 APERAM NEW YORK P 2011-01-11 2011-02-03
b 390 PHARMACEUTICAL PROD DEV INC P 2003-10-02 2011-12-06
c 700 ASSOCIATED BANC CORP P 2005-02-09 2011-01-27
d 200 PHARMACEUTICAL PROD DEV INC P 2003-10-02 2011-12-06
e 700 ASSOCIATED BANC CORP P 2005-03-07 2011-01-27
200 PHARMACEUTICAL PROD DEV INC P 2003-10-02 2011-12-06
700 BRISTOL MYER SQUIBB CO P 2007-02-21 2011-10-05
500 HOME DEPOT INC P 2010-07-09 2011-11-18
300 ISHARES DJ US RL EST INDEX P 2009-09-22 2011-07-12
500 METLIFE INCORPORATED P 2010-08-23 2011-02-18
500 NYSE EURONEXT P 2010-05-07 2011-02-09
500 PHARMACEUTICAL PROD DEV INC P 2009-02-05 2011-02-18
2,300 SIRIUS XM RADIO INC P 2005-03-21 2011-05-11
200 WALGREEN CO P 2010-05-10 2011-01-13
600 ZIONS BANCORP P 2010-11-09 2011-10-05
VARIOUS CALL OPTIONS NET PROFIT P 2011-12-01 2011-12-31
610 PHARMACEUTICAL PROD DEV INC P 2003-10-02 2011-12-06
600 PHARMACEUTICAL PROD DEV INC P 2003-10-02 2011-12-06
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 768   732 36
b 12,968   4,595 8,373
c 9,906   23,252 -13,346
d 6,650   2,362 4,288
e 9,906   23,355 -13,449
6,650   2,358 4,292
21,238   19,012 2,226
18,775   14,135 4,640
18,636   13,259 5,377
23,765   18,569 5,196
19,127   15,054 4,073
14,125   12,447 1,678
5,248   14,515 -9,267
8,271   7,163 1,108
8,774   13,271 -4,497
8,648     8,648
20,282   7,190 13,092
19,950   7,072 12,878
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       36
b       8,373
c       -13,346
d       4,288
e       -13,449
      4,292
      2,226
      4,640
      5,377
      5,196
      4,073
      1,678
      -9,267
      1,108
      -4,497
      8,648
      13,092
      12,878
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 35,346
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3 14,564
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2010 94,375 1,337,149 0.070579
2009 94,258 1,410,212 0.066840
2008 113,774 1,487,740 0.076474
2007 132,586 2,071,698 0.063999
2006 121,100 2,352,516 0.051477
2 Total of line 1, column (d) ...................... 2 0.329369
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.065874
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 1,454,074
5 Multiply line 4 by line 3....................... 5 95,786
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 690
7 Add lines 5 and 6......................... 7 96,476
8 Enter qualifying distributions from Part XII, line 4.............. 8 74,075
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2011)
Form 990-PF (2011)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 1,381
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 1,381
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,381
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 17
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 335
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 352
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 12
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,041
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet0 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletIL
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletDAVID D GRUMHAUS Telephone no.bullet (847) 234-4475
    Located atbullet222 EAST WISCONSIN SUITE 209LAKE FORESTIL ZIP+4bullet60045
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
     
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2011?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2011.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    MARY F GRUMHAUSClick to see attachment PRESIDENT
    0.00     		0 0 0
    197 N GREEN BAY ROAD
    LAKE FOREST,IL60045
    DAVID D GRUMHAUSClick to see attachment TREASURER
    0.00     		0 0 0
    197 NORTH GREEN BAY ROAD
    LAKE FOREST,IL60045
    AUDREY G YOUNGClick to see attachment SECRETARY
    0.00     		0 0 0
    1303 SUNVIEW LANE
    WINNETKA,IL60093
    WHITNEY GRUMHAUSClick to see attachment DIRECTOR
    0.00     		0 0 0
    105 STONEYBROOK ROAD
    CHAPEL HILL,NC27516
    LISA G HAASClick to see attachment DIRECTOR
    0.00     		0 0 0
    21 SUNSET ROAD
    DARIEN,CT06820
    DAVID D GRUMHAUS JRClick to see attachment DIRECTOR
    0.00     		0 0 0
    487 WALNUT ROAD
    LAKE FOREST,IL60045
    JENNIFER G DALYClick to see attachment DIRECTOR
    0.00     		0 0 0
    23 LOEW CIRCLE
    MILTON,MA02186
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,279,429
    b
    Average of monthly cash balances.......................
    1b
    196,788
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,476,217
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    1,476,217
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    22,143
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,454,074
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    72,704
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    72,704
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    1,381
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,381
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    71,323
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    71,323
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    71,323
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    74,075
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    74,075
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    74,075
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2010     		(c)
    2010     		(d)
    2011
    1 Distributable amount for 2011 from Part XI, line 7 71,323
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2011:
    a From 2006....... 4,447
    b From 2007....... 31,829
    c From 2008....... 40,739
    d From 2009....... 24,331
    e From 2010....... 28,548
    fTotal of lines 3a through e......... 129,894
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 74,075
    a Applied to 2010, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2011 distributable amount..... 71,323
    e Remaining amount distributed out of corpus 2,752
    5 Excess distributions carryover applied to 2011.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 132,646
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2010. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2011. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		4,447
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		128,199
    10 Analysis of line 9:
    a Excess from 2007.... 31,829
    b Excess from 2008.... 40,739
    c Excess from 2009.... 24,331
    d Excess from 2010.... 28,548
    e Excess from 2011.... 2,752
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    DAVID D GRUMHAUS
    222 E WISCONSIN AVE
    LAKE FOREST,IL60045
    (847) 234-4475
    bThe form in which applications should be submitted and information and materials they should include:
    NO REQUIRED APPLICATION FORMAT.
    cAny submission deadlines:
    NO SUBMISSION DEADLINES.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    ONLY CHARITABLE ORGANIZATIONS.
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    A SAFE PLACE
    PO BOX 1067
    WAUKEGAN,IL60079     		  509(A)(1) CHARITABLE PURPOSES 200
    ACADEMY FOR URBAN SCHOOL LEADERSHIP
    3400 N AUSTIN AVE
    CHICAGO,IL60634     		  509(A)(1) CHARITABLE PURPOSES 1,000
    ALLENDALE SHELTER
    OFFIELD DRIVE
    LAKE VILLA,IL60046     		  509(A)(1) CHARITABLE PURPOSES 300
    AMERICAN CANCER SOCIETY
    271 W 125TH STREET
    NEW YORK,NY10027     		  509(A)(1) CHARITABLE PURPOSES 200
    AMERICAN RED CROSS
    111 E WACKER DR
    CHICAGO,IL60601     		  509(A)(1) CHARITABLE PURPOSES 200
    ASHEVILLE SCHOOL
    360 ASHEVILLE SCHOOL RD
    ASHEVILLE,NC28806     		  509(A)(1) EDUCATIONAL PURPOSES 100
    BIG SHOULDERS
    309 W WASHINGTON ST
    CHICAGO,IL60606     		  509(A)(1) CHARITABLE PURPOSES 3,000
    BRIDGE BOSTON CHARTER SCHOOL
    633 CENTRE STREET
    JAMAICA PLAINS,MA02130     		  509(A)(1) EDUCATIONAL PURPOSES 2,000
    CHICAGO BOTANICAL GARDENS
    LAKE COOK ROAD
    HIGHLAND PARK,IL60035     		  509(A)(1) CHARITABLE PURPOSES 500
    CHICAGO TRIBUNE HOLIDAY FUND
    TRIBUNE TOWER
    CHICAGO,IL60611     		  509(A)(1) CHARITABLE PURPOSES 500
    CHILDRENS MEMORIAL
    HOSPITAL FOUNDATION
    2300 CHILDRENS PLAZA
    CHICAGO,IL606143394     		  509(A)(1) CHARITABLE PURPOSES 14,000
    CHRIST CHURCH OF LAKE FOREST
    100 NO WAUKEGAN ROAD
    LAKE FOREST,IL60045     		  509(A)(1) RELIGIOUS PURPOSES 300
    CHURCH OF THE HOLY SPIRIT
    400 E WESTMINSTER ROAD
    LAKE FOREST,IL60045     		  509(A)(1) RELIGIOUS PURPOSES 1,000
    COLORADO COLLEGE
    14 E CACHA LA POUDRE
    COLORADO SPRINGS,CO80903     		  509(A)(1) EDUCATIONAL PURPOSES 500
    COVE SCHOOL
    350 LEE ROAD
    NORTHBROOK,IL60062     		  509(A)(1) EDUCATIONAL PURPOSES 500
    DANIEL MURPHY SCHL FUND
    330 S WELLS
    CHICAGO,IL60606     		  509(A)(1) CHARITABLE PURPOSES 9,000
    DOCTORS WITHOUT BORDERS
    333 7TH AVENUE
    NEW YORK,NY10001     		  509(A)(1) CHARITABLE PURPOSES 2,000
    DUKE UNIVERSITY
    PO BOX 90581
    DURHAM,NC27708     		  509(A)(1) EDUCATIONAL PURPOSES 500
    EARLY CHILDHOON INITIATIVE FDTN
    10800 BISCAYNE BLVD
    MIAMI,FL33161     		  509(A)(1) CHARITABLE PURPOSES 500
    ELAWA FARM FOUNDATION
    PO BOX 181
    LAKE FOREST,IL60045     		  509(A)(1) CHARITABLE PURPOSES 200
    EPIPHANY SCHOOL
    154 CENTRE ST
    DORCHESTER,MA02108     		  509(A)(1) EDUCATIONAL PURPOSES 500
    ETHEL WALKER SCHOOL
    230 BUSHY HILL ROAD
    SIMSBURY,CT06070     		  509(A)(1) CHARITABLE PURPOSES 1,300
    GRTR CHICAGO FOOD DEPSTY
    4501 S TRIPP
    CHICAGO,IL60632     		  509(A)(1) CHARITABLE PURPOSES 500
    HAZELDEN CHICAGO
    867 N DEARBORN ST
    CHICAGO,IL60610     		  509(A)(1) CHARITABLE PURPOSES 100
    HOMAN SQ COMMUNITY CTR
    3517 W ARTHINGTON ST
    CHICAGO,IL60624     		  509(A)(1) CHARITABLE PURPOSES 100
    HORIZON HOSPICE
    833 W CHICAGO AVENUE
    CHICAGO,IL60622     		  509(A)(1) CHARITABLE PURPOSES 2,300
    HOTCHKISS SCHOOL
    HOTCHKISS SCHOOL
    LAKEVILLE,CT06039     		  509(A)(1) EDUCATIONAL PURPOSES 500
    ILLINOIS PGA FOUNDATION
    2901 W LAKE AVENUE
    GLENVIEW,IL60025     		  509(A)(1) CHARITABLE PURPOSES 100
    ILLINOIS SPECIAL OLYMPICS
    605 E WILLOW STREET
    NORMAL,IL61761     		  509(A)(1) CHARITABLE PURPOSES 100
    JOHN G SHEDD AQUARIUM
    1200 S LAKE SHORE DRIVE
    CHICAGO,IL60605     		  509(A)(1) CHARITABLE PURPOSES 200
    KEVIN GORTER FOUNDATION
    1644 CHURCHILL COURT
    GREEN OAKS,IL60048     		  509(A)(1) CHARITABLE PURPOSES 500
    LAKE FOREST COLLEGE
    555 N SHERIDAN ROAD
    LAKE FOREST,IL60045     		  509(A)(1) EDUCATIONAL PURPOSES 200
    L FOREST COUNTY DAY SCHL
    GREEN BAY ROAD
    LAKE FOREST,IL60045     		  509(A)(1) EDUCATIONAL PURPOSES 6,000
    LAKE FOREST HOSPITAL
    600 N WESTMORELAND RD
    LAKE FOREST,IL60045     		  509(A)(1) CHARITABLE PURPOSES 1,000
    LAKE FOREST OPEN LANDS ASSN
    350 N WAUKEGAN ROAD
    LAKE FOREST,IL60045     		  509(A)(1) CHARITABLE PURPOSES 200
    LAWNDALE COMMUNITY CHURCH
    3827 W OGDEN AVE
    CHICAGO,IL60623     		  509(A)(1) RELIGIOUS PURPOSES 200
    LINCOLN PARK ZOO
    2001 N CLARK ST
    CHICAGO,IL60614     		  509(A)(1) CHARITABLE PURPOSES 1,000
    MERCY SHIPS
    PO BOX 2020
    LINDALE,TX75771     		  509(A)(1) CHARITABLE PURPOSES 200
    NATL DOWN SYNDROME SOC
    666 BROADWAY
    NEW YORK,NY10012     		  509(A)(1) CHARITABLE PURPOSES 300
    NATURE CONSERVANCY
    8 S MICHIAGAN AVENUE
    CHICAGO,IL60603     		  509(A)(1) CHARITABLE PURPOSES 100
    NO CHICAGO COMMUNITY PARTNERS
    855 SKOKIE HIGHWAY
    LAKE BLUFF,IL60044     		  509(A)(1) CHARITABLE PURPOSES 5,000
    NORTH SHORE CNTRY DAY SCH
    310 GREEN BAY ROAD
    WINNETKA,IL60093     		  509(A)(1) EDUCATIONAL PURPOSES 400
    NW MEMORIAL HOSPITAL
    300 E SUPERIOR ST
    CHICAGO,IL60611     		  509(A)(1) CHARITABLE PURPOSES 300
    OLD ELM SCHOLARSHIP FDTN
    800 OLD ELM ROAD
    LAKE FOREST,IL60045     		  509(A)(1) CHARITABLE PURPOSES 1,000
    OXFAM AMERICA
    26 WEST STREET
    BOSTON,MA02111     		  509(A)(1) CHARITABLE PURPOSES 800
    PADS CRISIS CENTER
    3001 GREEN BAY ROAD
    NORTH CHICAGO,IL60064     		  509(A)(1) CHARITABLE PURPOSES 1,125
    PARK SCHOOL
    171 GODDARD
    BROOKLINE,MA02111     		  509(A)(1) CHARITABLE PURPOSES 800
    PARTNERS IN HEALTH
    88 COMMONWEALTH AVENUE
    BOSTON,MA02215     		  509(A)(1) CHARITABLE PURPOSES 300
    PEDIATRIC AIDS
    2950 31ST STREET
    SANTA MONICA,CA90405     		  509(A)(1) CHARITABLE PURPOSES 100
    PRINCETON UNIVERSITY
    BOX 46
    PRINCETON,NJ08544     		  509(A)(1) EDUCATIONAL PURPOSES 1,150
    RAGDALE FOUNDATION
    1260 N GREEN BAY ROAD
    LAKE FOREST,IL60045     		  509(A)(1) CHARITABLE PURPOSES 100
    RAVINIA FESTIVAL
    418 SHERIDAN ROAD
    HIGHLAND PARK,IL60035     		  509(A)(1) CHARITABLE PURPOSES 500
    REHABILITATION INSTITUTE
    345 E SUPERIOR STREET
    CHICAGO,IL60611     		  509(A)(1) CHARITABLE PURPOSES 500
    RESILIENCY FOR LIFE
    115 A STREET
    FRAMINGHAM,MA01701     		  509(A)(1) CHARITABLE PURPOSES 2,000
    SALVATION ARMY
    5040 N PULASKI
    CHICAGO,IL60630     		  509(A)(1) CHARITABLE PURPOSES 300
    SAVE A PET
    PO BOX 266
    GRAYSLAKE,IL60030     		  509(A)(1) CHARITABLE PURPOSES 100
    SAVE THE CHILDREN
    54 WILTON ROAD
    WESTPORT,CT06880     		  509(A)(1) CHARITABLE PURPOSES 300
    TEACH FOR AMERICA
    820 N ORLEANS
    CHICAGO,IL60610     		  509(A)(1) EDUCATIONAL PURPOSES 6,000
    THAYER SCHOOL
    745 WASHINGTON STREET
    BRAINTREE,MA02184     		  509(A)(1) EDUCATIONAL PURPOSES 200
    THE CRADLE
    2049 RIDGE ROAD
    EVANSTON,IL60201     		  509(A)(1) CHARITABLE PURPOSES 100
    U OF CHICAGO GRAD BUS SCH
    5807 S WOODLAWN AVE
    CHICAGO,IL60637     		  509(A)(1) EDUCATIONAL PURPOSES 200
    UNITED WAY OF LFLB
    400 E ILLINOIS ROAD
    LAKE FOREST,IL60045     		  509(A)(1) CHARITABLE PURPOSES 500
    WBEZ NPR
    848 E GRAND
    CHICAGO,IL60603     		  509(A)(1) CHARITABLE PURPOSES 200
    WTTW CHANNEL 11
    5400 N ST LOUIS
    CHICAGO,IL60625     		  509(A)(1) CHARITABLE PURPOSES 200
    Total .................................bullet 3a 74,075
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 154  
    4 Dividends and interest from securities....     14 33,547  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory         35,346
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aBLACKSTONE GROUP LP     14 72  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   33,773 35,346
    13Total. Add line 12, columns (b), (d), and (e)..................
    1369,119
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2011)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 AccountingFeesSchedule
    Name:
    DAVID D & MARY F GRUMHAUS FUND
    EIN: 36-3225807
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX RETURN PREP/ACCOUNTING FEES 1,750      

    TY 2011 CompensationExplanation
    Name:
    DAVID D & MARY F GRUMHAUS FUND
    EIN: 36-3225807
    Person Name Explanation
    MARY F GRUMHAUS  
    DAVID D GRUMHAUS  
    AUDREY G YOUNG  
    WHITNEY GRUMHAUS  
    LISA G HAAS  
    DAVID D GRUMHAUS JR  
    JENNIFER G DALY  

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    DAVID D & MARY F GRUMHAUS FUND
    EIN: 36-3225807
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALLSTATE CORP 4,078 1 111,778
    ASSOCIATED BANC CORP 975 25,300 10,891
    BANK OF AMERICA 1,000 47,495 5,560
    BLACKSTONE GROUP 200 6,143 2,802
    CISCO SYSTEMS 1,200 24,257 21,696
    CONSOLIDATED TOMOKA 1,119 15,386 30,291
    DEAN FOODS NEW 3,153 31,564 35,314
    DEAN FOODS NEW 9,909 99,199 110,981
    DOMINION RESOURCES 1,400 51,651 74,312
    DOW CHEMICAL 750 25,327 21,570
    EXELON CORP 400 25,963 34,696
    FURIEX PHARMACEUTICALS 855 2,774
    GENERAL ELECTRIC 1,650 49,713 29,552
    MICROSOFT 1,000 25,935 25,960
    MORGAN STANLEY 3,588   54,286
    PHARM PROD DEV 2,000    
    PROCTER & GAMBLE 250 23,585 33,355
    RAYTHEON 900 25,493 43,542
    STARBUCKS 1,000 14,764 46,010
    WHIRLPOOL 300 15,900 14,235
    WHIRLPOOL 500 23,313 23,725
    WISDOM TREE INTL LARGE CAP 45,125 40,000
    ABBOTT LABS 400 18,432 22,491
    ALLSCRIPTS HEALTHCARE 1,200 15,388 22,728
    ARCELORMITTAL 200 6,751 3,638
    ARCELORMITTAL 400 13,306 7,276
    ASSOCIATED BANC CORP 1,400    
    AT&T 500 25,800 30,240
    BANK OF AMERICA 700 37,625 3,892
    BANK OF AMERICA 300 3,635 1,668
    BRISTOL MYERS SQUIBB 700    
    CENTURYLINK INC 300 12,118 11,160
    CHESAPEAKE ENERGY 500 14,213 11,145
    CONOCOPHILLIPS 24,983 36,435
    DOW CHEMICAL 500 13,490 14,380
    DOW CHEMICAL 200 4,734 5,752
    EXELON CORP 300 11,481 13,011
    GENERAL ELECTRIC 700 25,263 12,537
    GENERAL ELECTRIC 300 10,785 5,373
    GENERAL ELECTRIC 500 9,038 8,955
    HERCULES OFFSHORE CORP 1,400 9,626 6,216
    HITTIE MICROWAVE 700 16,808 24,690
    HOME DEPOT    
    HOSPITALITY PPTYS TR 700 16,319 16,086
    ISHARES DJ US RL EST INDEX 300    
    INTEL CORP 1,200 27,604 29,100
    JPMORGAN CHASE & CO 500 21,949 16,625
    MANITEX INTL INC 2,000 13,300 8,480
    MASCO CORP 1,000 13,830 10,480
    MERCK & CO 15,435 15,080
    METLIFE INCORPORATED    
    MICRON TECHNOLOGY 800 8,474 5,032
    NEW YORK COMMUNITY BANCORP 1,200 13,814 14,844
    NUCOR CORPORATION 23,609 23,742
    NYSE EURONEXT    
    PHARMACEUTICAL PROD DEV 500    
    SIRIUS XM RADIO INC. 2,000    
    SOUTHERN COPPER CORP 300 12,609 9,054
    VERIZON COMMUNICATION 500 14,801 20,060
    WALGREEN CO 600 18,870 19,836
    ZIONS BANCORP    
    VARIOUS OPEN OPTIONS    

    TY 2011 OtherExpensesSchedule
    Name:
    DAVID D & MARY F GRUMHAUS FUND
    EIN: 36-3225807
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    INVESTMENT FEES 5,999      


    TY 2011 OtherIncomeSchedule2
    Name:
    DAVID D & MARY F GRUMHAUS FUND
    EIN: 36-3225807
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BLACKSTONE GROUP LP 72    


    TY 2011 OtherLiabilitiesSchedule
    Name:
    DAVID D & MARY F GRUMHAUS FUND
    EIN: 36-3225807
    Description Beginning of Year - Book Value End of Year - Book Value
    OPEN CALL OPTIONS 9,784 8,628


    TY 2011 TaxesSchedule
    Name:
    DAVID D & MARY F GRUMHAUS FUND
    EIN: 36-3225807
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ILLINOIS CHARITABLE ORG. FEES 15      
    ILLINOIS CORPORATION FEES 10      
    FOREIGN TAXES 62